Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 151.95

-0.6%

1:20 PM EST

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To: LK2 who wrote (3088)	4/27/1998 5:36:00 PM
From: Sam	Read Replies (1) of 9256

VECO reported a down quarter, but buried in their press release was the following paragraph: "Mr. Braun added, 'While several of Veeco's key data storage customers continue to be reporting inventory oversupply, poor operating results and sluggish overall capital spending, our strong bookings indicate that they are selectively investing in tools required for the transition to next generation TFMHs. Despite a product mix change within the computer industry, unit PC sales growth continues at 12 to 15% per year. We therefore remain cautiously optimistic regarding sequential quarterly improvement of Veeco's financial performance throughout 1998.' " FWIW. s. Also, WDC's inventory down to $218 million. Didn't see how that was broken out.

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